“Report filling stations selling petrol above N145” – DPR

The Department of Petroleum Resources (DPR) in Bayelsa  said it has intensified regulatory activities to check unauthorised hike in the price of petrol by marketers in the state.

Operations Controller of DPR in the state, Asuquo Antai told newsmen on Thursday in Yenagoa.

He said more patrol has been sent out to keep tab on petroleum prices all over the state.

Asuquo said the decision was informed by activities of some marketers who exploit members of the public by increasing the pump price of petrol.

He said, “We want to emphasise to petrol marketers that we will not tolerate profiteering.

“The marketers want to increase the price of petrol due to pressure on ex-depot prices, but we insist that the market is a regulated one and government has not reviewed the price of petrol.

“We are also aware that prices at the Nigerian National Petroleum Corporation (NNPC) depots have remained the same.

“Some marketers lift from there and claim that they bought from private depots at higher prices.

“We have met with the Independent Petroleum Marketers Association of Nigeria (IPMAM) officials in Bayelsa and they have complained that products arrive in the depots above the ex-depot prices of N136.

“They explained that the pressure on price was eroding their margins and eating into their profits.

“We have advised them to discourage profiteering by not sourcing the products at exorbitant prices because we cannot allow anyone to sell above N145.”

He urged members of the public to report filling stations selling above N145 to motorists.

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